UK: William Grant & Sons silent on Drambuie bid talk
William Grant said it could not comment
William Grant & Sons has stayed quiet on speculation that it is one of a handful of companies looking to buy Scotch whisky liqueur brand Drambuie.
According to Sky News yesterday (21 July), the Scottish distiller is examining a GBP100m (US$170m) takeover of Drambuie, which is owned by the MacKinnon family trust. The report said William Grant is one of “an initial crop of bidders”.
William Grant and Drambuie representatives declined to comment on the story when contacted by just-drinks today.
However, just-drinks understands from sources close to the situation that William Grant is one of around six companies left in the frame with about two weeks to go before the successful bidder is announced.
According to Sky News, Remy Cointreau is also a possible bidder. The company has yet to respond to a request for comment.
Just-drinks reported in May that the MacKinnon family was aiming to offload Drambuie to a bigger industry player to help the brand “achieve its full potential". Drambuie passed into the MacKinnon family in 1914 and today is produced under an agreement with Suntory-owned Morrison Bowmore.
Writing earlier this year, just-drinks' columnist Ian Buxton highlighted William Grant as a frontrunner for Drambuie because the company “has the scale and finances to absorb the brand without undue strain”.
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